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The BTC volatility index looks reversal, preparing a decline. High on May 7-8 is likely to be the maximum for the coming week.
That is, on May 7-8, we may see some significant pump movements of the index. But then we expect to see something like a movement in the Index in early December 2023. Range at +/- current indicators, then decline and only then continue growth.
For the BTC price, even the current level of volatility allows for significant movements. The growth since May 3 is a confirmation of this. Therefore, the possible range of the Volatility Index #BTC - не повод ждать ренджа его цены. НО если разворот индекса 7-8 мая произойдет с выраженным снижением - курс BTC risks getting stuck in the local price range.
#BTC